I need a home appraisal

slim87GT · 11-03-2009, 09:15 PM

Im trying to do a loan modification and they turned me down several months back when the economy was real bad. They said that I owed more then my house was worth. And they said if I could provide an appraisal I could turn it in and resubmit.
Oh yea I need the hook up. Im not asking for it to be free (although it would be nice)

Thanks Noah

thrshr68 · 11-03-2009, 09:22 PM

In my years in mortgage banking, they will do their independent "BPO" . screw an appraisal. dont mean to shit in your corn flakes but they were getting you off the line. NO investor will take and appraisal that an un-offiliated 3rd party said the value to be as a basis to modify.

You being negative does not mean no mod. Who is your lender?

Their are degrees of mods which include, principal reduction and rate reduction, this is a core mod, <-- best imo

then frest start mods where they capitalize on delinquent amounts to bring loan current. ..just to name a few.

just be careful on which path you go down. A mod does not always fix the root problem./

slim87GT · 11-03-2009, 09:26 PM

Quote:

Originally Posted by thrshr68

In my years in mortgage banking, they will do their independent "BPO" . screw an appraisal. dont mean to shit in your corn flakes but they were getting you off the line. NO investor will take and appraisal that an un-offiliated 3rd party said the value to be as a basis to modify.

You being negative does not mean no mod. Who is your lender?

Their are degrees of mods which include, principal reduction and rate reduction, this is a core mod, <-- best imo

then frest start mods where they capitalize on delinquent amounts to bring loan current. ..just to name a few.

just be careful on which path you go down. A mod does not always fix the root problem./

Yea I got the feeling that he didnt really know what he was talking about. I also dont think they would take the 3rd party appraisal. But I was thinking if I could get it cheap enough it was worth a shot. My lender is litton loan services. He gave me a number to HUD and said they work with them on this stuff and that HUD had more programs to offer.

thrshr68 · 11-03-2009, 09:34 PM

They are required to give the HUD # now on every call. I used to work for them., I am at work now, I will PM you some really good info when I get home in about 30minutes............

slim87GT · 11-03-2009, 09:42 PM

Very cool thank you

thrshr68 · 11-04-2009, 12:20 AM

PM sent, sorry for the delay

FreightTrain · 11-04-2009, 12:29 AM

I have the same mortgage company as you. Them retards have screwed up my escrow account every year for 3 years in a row.

saleen781 · 11-04-2009, 09:08 AM

thrsh is rifght about the appraisal issue, I work for an investor (Citi) and we are tearing appraisals apart left and right. You can get one, but the invstor will usually send it to Appr. Review and they will run an online appraisal through an Appraisal Management Co. (AMC) and go with the value they get from them. Which is usually lower in my experiences, go to HUD and talk to them, screw Litton or for that fact screw any investor.

BP · 11-04-2009, 09:32 AM

What's the best way to get Chase to drop my PMI? According to my last appraisal (by a Chase approved appraiser) I have 24% equity in the property. I did all of their paperwork and submitted it correctly but now with their run around it's been over 90 days and they won't accept their own appraisal. I don't want to throw away another $350 only to be denied again.

slim87GT · 11-04-2009, 10:41 AM

Quote:

Originally Posted by thrshr68

PM sent, sorry for the delay

PM sent back.
Thank You

11-03-2009, 09:15 PM	#1
slim87GT Join Date: Nov 2000 Location: Dallas Texas usa Posts: 3,282	I need a home appraisal Im trying to do a loan modification and they turned me down several months back when the economy was real bad. They said that I owed more then my house was worth. And they said if I could provide an appraisal I could turn it in and resubmit. Oh yea I need the hook up. Im not asking for it to be free (although it would be nice) Thanks Noah __________________ Dallas Mustang - 10720 Sandhill Road, Dallas TX 75238 - 214.349.0991 www.1800mustang.com Mustang Parts and Performance Installs Superstore!

11-03-2009, 09:22 PM	#2
thrshr68 Time Served Join Date: Mar 2009 Location: Arlington, TX Posts: 786	In my years in mortgage banking, they will do their independent "BPO" . screw an appraisal. dont mean to shit in your corn flakes but they were getting you off the line. NO investor will take and appraisal that an un-offiliated 3rd party said the value to be as a basis to modify. You being negative does not mean no mod. Who is your lender? Their are degrees of mods which include, principal reduction and rate reduction, this is a core mod, <-- best imo then frest start mods where they capitalize on delinquent amounts to bring loan current. ..just to name a few. just be careful on which path you go down. A mod does not always fix the root problem./ __________________ "Advice is what we ask for when we already know the answer but wish we didn't. " 1998 Suburban 1968 Mustang (sold, November 21, 2009) 2010 Fusion 1999 F-350DRW

11-03-2009, 09:34 PM	#4
thrshr68 Time Served Join Date: Mar 2009 Location: Arlington, TX Posts: 786	They are required to give the HUD # now on every call. I used to work for them., I am at work now, I will PM you some really good info when I get home in about 30minutes............ __________________ "Advice is what we ask for when we already know the answer but wish we didn't. " 1998 Suburban 1968 Mustang (sold, November 21, 2009) 2010 Fusion 1999 F-350DRW

11-03-2009, 09:42 PM	#5
slim87GT Join Date: Nov 2000 Location: Dallas Texas usa Posts: 3,282	Very cool thank you __________________ Dallas Mustang - 10720 Sandhill Road, Dallas TX 75238 - 214.349.0991 www.1800mustang.com Mustang Parts and Performance Installs Superstore!

11-04-2009, 12:20 AM	#6
thrshr68 Time Served Join Date: Mar 2009 Location: Arlington, TX Posts: 786	PM sent, sorry for the delay __________________ "Advice is what we ask for when we already know the answer but wish we didn't. " 1998 Suburban 1968 Mustang (sold, November 21, 2009) 2010 Fusion 1999 F-350DRW

11-04-2009, 12:29 AM	#7
FreightTrain Token Union Member Join Date: Aug 2002 Location: texas Posts: 2,699	I have the same mortgage company as you. Them retards have screwed up my escrow account every year for 3 years in a row. __________________ TRAIN TRASH it's like WHITE TRASH but with money. My other vehicle is a Locomotive. Don't cupple up without protection.

11-04-2009, 09:08 AM	#8
saleen781 Time Served Join Date: Jan 2004 Location: Keller Posts: 700	thrsh is rifght about the appraisal issue, I work for an investor (Citi) and we are tearing appraisals apart left and right. You can get one, but the invstor will usually send it to Appr. Review and they will run an online appraisal through an Appraisal Management Co. (AMC) and go with the value they get from them. Which is usually lower in my experiences, go to HUD and talk to them, screw Litton or for that fact screw any investor. __________________ 92 FOX HB 5.0 SOLD PREVIOUS-00 SALEEN SC281 SOLD 2007 F150 Super Crew

11-04-2009, 09:32 AM	#9
BP Keep your unicorns Join Date: Apr 2000 Location: At the Dexter Lake Club Posts: 11,429	What's the best way to get Chase to drop my PMI? According to my last appraisal (by a Chase approved appraiser) I have 24% equity in the property. I did all of their paperwork and submitted it correctly but now with their run around it's been over 90 days and they won't accept their own appraisal. I don't want to throw away another $350 only to be denied again. __________________ Buell 1125R Raptor 700R No fast cars though

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